ACRE REALTY INVESTORS INC (AIII) financial statements (2020 and earlier)

Company profile

Business Address 399 PARK AVENUE
NEW YORK, NY 10022
State of Incorp. GA
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,63919,8752383,523401
Cash and cash equivalents16,63919,8752383,523401
Deferred costs  (70)(95) 
Total current assets:16,63919,8751683,428401
Noncurrent Assets
Property, plant and equipment  (84)(112)5,841
Intangible assets, net (including goodwill)   11
Intangible assets, net (excluding goodwill)    11
Total noncurrent assets:  (84)(112)5,852
Other undisclosed assets4,4094,44124,90025,01936,187
TOTAL ASSETS:21,04824,31624,98428,33542,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   11,10017,449
Total current liabilities:   11,10017,449
Noncurrent Liabilities
Other undisclosed liabilities69867111,3105417,704
Total liabilities:69867111,31011,64125,152
Stockholders' equity
Stockholders' equity attributable to parent19,61422,61810,20513,36514,613
Common stock206202107107106
Treasury stock, value(71)(71)(71)(71)(71)
Additional paid in capital44,48544,20630,35731,09731,814
Accumulated deficit(25,005)(21,718)(20,188)(17,768)(17,236)
Stockholders' equity attributable to noncontrolling interest7351,0273,4693,329 
Other undisclosed stockholders' equity    2,674
Total stockholders' equity:20,34923,64413,67416,69417,288
TOTAL LIABILITIES AND EQUITY:21,04824,31624,98428,33542,440

Income statement (P&L) ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 017642,413
Revenue, net  6322,413
Other operating income  625297
Financial services revenue  47 
Cost of revenue
(Cost of Goods and Services Sold)
(14)(56)(10) (759)
Gross profit:(14)(56)7641,653
Operating expenses(3,420)(3,808)(2,327)(2,157)(8,534)
Operating loss:(3,433)(3,864)(2,321)(2,093)(6,880)
Nonoperating income (expense)  (700)314(1,275)
Interest and debt expense (416)(1,252)(1,125)(1,497)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,2521,0901,198
Loss from continuing operations before income taxes:(3,433)(4,280)(3,021)(1,814)(8,454)
Income tax benefit   445 
Loss from continuing operations:(3,433)(4,280)(3,021)(1,369)(8,454)
Income from discontinued operations   727129
Loss before gain (loss) on sale of properties:(3,433)(4,280)(3,021)(642)(8,325)
Other undisclosed net income142,542   
Net loss:(3,420)(1,738)(3,021)(642)(8,325)
Net income attributable to noncontrolling interest 2066001101,397
Other undisclosed net loss attributable to parent (206)   
Net loss attributable to parent:(3,420)(1,738)(2,421)(532)(6,928)
Other undisclosed net income available to common stockholders, basic133208   
Net loss available to common stockholders, diluted:(3,287)(1,530)(2,421)(532)(6,928)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(3,420)(1,738)(3,021)(642)(8,325)
Comprehensive loss:(3,420)(1,738)(3,021)(642)(8,325)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 206600110(1,397)
Other undisclosed comprehensive income, net of tax, attributable to parent    2,794
Comprehensive loss, net of tax, attributable to parent:(3,420)(1,532)(2,421)(532)(6,928)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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